Is 10516, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 10516 has remained a Buyer's Market.
Key Takeaway
10516 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 10516, NY
How much do homes in 10516, NY cost?
Median Sold Price
$590,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 10516 have sold for 12.9% less than they did a year ago.
Summary: The median home sold price in 10516 was $590,000 in March 2024, down 12.9% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $345K | +16.9% |
| 2 Bedrooms | $607.5K | $430K | -29.2% |
| 3 Bedrooms | $650K | $615K | -5.4% |
| 4 Bedrooms | $875K | $865K | -1.1% |
| 5+ Bedrooms | $1.0M | $820K | -22.8% |
Summary: 10516 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 22.8%.
Housing Supply in 10516, NY
How many homes are available in 10516, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The 10516 real estate market had 19 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 10516 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 10516, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 10516 in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 10516, NY
How long does it take to sell a home in 10516, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 166 Days | 219 Days | +31.9% |
Summary: Homes in 10516 had an average of 219 days on market in Mar 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 10516 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in 10516; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.